Morgan Stanley's warehouse headers for the largest one-day after-sales sale since the financial crisis

Shares of Morgan Stanley

MS, -4.54%

sank 5.6% in morning trading Thursday, after the bank and broker's quarterly results hit a 12-quarter stretch of earnings, to put it on the right track for the biggest – The day after earnings are sold since the financial crisis. The last time the shares fell more in the day, earnings were reported when the shares tumbled 9.0% on April 22, 2009, when Morgan Stanley reported results for the first quarter of 2009. The previous largest decline since then was 5.4% on April 1[ads1]8, 2013 after the quarter 2013 results. The shares have tumbled 24% over the past 12 months, while SPDR Financial Select Sector ETF

XLF, -0.16%

has casts 14% and S & P 500

SPX, + 0.22%

has given up 6.7%.

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